"SOFT LOADED ARM7 V2 BOARD" refers to a specific type or version of a circuit board labeled as AC32M. This circuit board incorporates an ARM7 V2 microcontroller and is described as being "soft loaded."

"Soft loaded" typically means that the necessary software or firmware for the ARM7 V2 microcontroller is already installed or programmed onto the board. This eliminates the need for the user to load or install the software separately.